2012-05-09T13:59:25-05:00 2011-06-30 LUTZ AND CARR CPAS LLP 300 EAST 42ND STREET NEW YORK NY 10017 990 2010-07-01 132867442 NEW YORK CITY CENTER INC NEWY 2122470430 130 WEST 56TH STREET NO 9TH FL NEW YORK NY 10019 ARLENE SHULER 2122470430 2012-05-07 1 2126972299 2010 2016-02-24 21:20:13Z ARLENE SHULER 130 WEST 56TH STREET NO 9TH FL NEW YORK NY 10019 19083873 0 X WWW.NYCITYCENTER.ORG X 1976 NY (SEE SCHEDULE O)DURING THE 2010/2011 SEASON, NEW YORK CITY CENTER WELCOMED NEARLY 190,000 AUDIENCE MEMBERS TO ITS WIDE RANGE OF DANCE AND MUSICAL THEATER PROGRAMS, INCLUDING THE FALL FOR DANCE FESTIVAL, ENCORES! SERIES, ENGAGEMENTS BY ALVIN AILEY AMERICAN DANCE THEATER, PAUL TAYLOR DANCE COMPANY AND RENOWNED VISITING PRODUCTIONS MATTHEW BOURNE'S SWAN LAKE AND FLAMENCO HOY BY CARLOS SAURA. STUDIO 5 AT CITY CENTER GAVE AUDIENCES A LOOK AT THE CREATIVE PROCESSES BEHIND THE PERFORMANCES ON OUR MAINSTAGE, AND CITY CENTER'S EDUCATION PROGRAMS REACHED MORE THAN 7,000 PARTICIPANTS FROM SCHOOLS THROUGHOUT NEW YORK CITY AND THE SURROUNDING AREAS. 37 36 621 87 0 0 12752649 9729985 6817267 7647170 221498 94213 468003 344539 20259417 17815907 0 0 0 0 9425014 10133908 0 25000 1456223 5747964 6023236 15172978 16182144 5086439 1633763 31841040 48896671 3974005 19252105 27867035 29644566 X NEW YORK CITY CENTER'S MISSION IS TO BE NEW YORK CITY'S LEADING CENTER FOR DANCE AND MUSICAL THEATER. DEDICATED TO MAKING THE ARTS ACCESSIBLE TO THE BROADEST POSSIBLE AUDIENCES, CITY CENTER SEEKS TO CREATE A WELCOMING ENVIRONMENT AND ENGAGE AUDIENCES WITH INSPIRING PROGRAMMING THAT REFLECTS THE ECLECTICISM, ENERGY AND SPIRIT OF NEW YORK CITY. 0 0 3500509 1720405 NEW YORK CITY CENTER WELCOMED ALVIN AILEY AMERICAN DANCE THEATER, AND PAUL TAYLOR DANCE COMPANY, ALONG WITH A RANGE OF RENOWNED NATIONAL AND INTERNATIONAL VISITING ARTISTS AND COMPANIES, TO THE STAGE IN THE 2010/2011 SEASON. THESE PRESENTATIONS INCLUDED MATTHEW BOURNES' SWAN LAKE AND FLAMENCO HOY BY CARLOS SAURA. THE MAINSTAGE ALSO HOSTED THE SPECIAL EVENTS CAREER TRANSITIONS FOR DANCERS AND YOUTH AMERICA GRAND PRIX. CITY CENTER'S THREE STUDIOS, LOCATED IN THE OFFICE TOWER, WERE AVAILABLE FOR RENTAL AS REHEARSAL AND MEETING SPACE FOR HUNDREDS OF ORGANIZATIONS, IN ADDITION TO HOSTING STUDIO 5 AT CITY CENTER. CITY CENTER'S STAGE 1, HOME TO MANHATTAN THEATRE CLUB, PRESENTED TWO WORLD PREMIERES AND ONE NEW YORK PREMIERE. STAGE 2 WELCOMED THE PEARL THEATRE COMPANY, WHICH REVIVED FOUR CLASSIC WORKS OF THEATER. ARTISTS PERFORMING ON ALL STAGES HAD ACCESS TO 24/7 TICKETING SUPPORT VIA CITY CENTER'S BOX OFFICE, THE CITY TIX PHONE TICKETING SERVICE AND CITY CENTER'S WEBSITE (WWW.NYCITYCENTER.ORG) 6910762 5000728 NEW YORK CITY CENTER'S ENCORES! SERIES BRINGS MUSICAL THEATER HISTORY TO NEW GENERATIONS, REVIVING OLD FAVORITES AND NEARLY-LOST MUSICALS FROM BROADWAY'S GOLDEN AGE THROUGH SEMI-STAGED PRODUCTIONS STARRING TODAY'S FINEST TALENT. OPENING WITH A SMASH HIT REVIVAL OF JULE STYNE'S BELLS ARE RINGING, THE EIGHTEENTH SEASON OF ENCORES! CONTINUED WITH KURT WEILL AND MAXWELL ANDERSON'S LOST IN THE STARS AND CONCLUDED WITH FRANK LOESSER'S FIRST BROADWAY SCORE, WHERE'S CHARLEY?. RESTORATION WORK ON EACH OF THE SHOW'S SCORES AND MANUSCRIPTS OCCURS THROUGHOUT EACH ENCORES! SEASON, AND EDUCATION INITIATIVES COMPLEMENT THE PRODUCTIONS IN SCHOOLS THROUGHOUT NEW YORK CITY. SINCE 2004 CITY CENTER'S FALL FOR DANCE FESTIVAL HAS INTRODUCED YOUNG AND DIVERSE AUDIENCES TO THE BREADTH AND VITALITY OF DANCE, USING A COMBINATION OF AFFORDABLE. $10 TICKETS AND A BROAD VARIETY OF PROGRAMMING. WITH FIVE PROGRAMS, EACH PERFORMED TWICE OVER ITS TEN DAYS, THE FESTIVAL SHOWCASES EMERGING AND ESTABLISHED ARTISTS FROM ACROSS THE COUNTRY AND AROUND THE WORLD. THESE ARTISTS BRING NEW AUDIENCES TO THE ONE ANOTHER AND ENJOY EXPOSURE TO CRITICS, PATRONS, AGENTS AND OTHER INDUSTRY INSIDERS WHO ATTEND THE FESTIVAL REGULARLY. CITY CENTER'S TARGETED ADVERTISING AND OUTREACH CAMPAIGN FOR FALL FOR DANCE ENSURES THE DIVERSITY OF FESTIVAL AUDIENCES, WHICH REPRESENT A BROAD RANGE OF ETHNICITIES, AGES AND ECONOMIC BACKGROUNDS. ADDITIONALLY, LOUNGE FFD, LOCATED IN THE TRANSFORMED PUBLIC THROUGH-BLOCK ADJACENT TO THE THEATER, ALLOWS AUDIENCE MEMBERS, PERFORMERS AND THE GENERAL PUBLIC TO ENJOY MUSIC FROM LIVE DJS, LOW-COST FOOD AND DRINKS, AMPLE SEATING, FREE DANCE CLASSES AND FREE INFORMATION ABOUT FESTIVAL PERFORMERS AND OTHER DANCE EVENTS IN NEW YORK. 623289 153007 NEW YORK CITY CENTER'S EDUCATION STAFF AND TEACHING ARTISTS ENGAGE THOUSANDS OF STUDENTS FROM KINDERGARTEN THROUGH TWELFTH GRADE, IN ADDITION TO SENIOR GROUPS AND UNIVERSITY STUDENTS, WITH THE MANY FACETS OF DANCE AND MUSICAL THEATER EACH YEAR. OUR EDUCATION PROGRAMS - THE YOUNG PEOPLE'S DANCE SERIES, ENCORES! IN SCHOOLS, CITY CENTER CONNECTIONS AND OTHERS - INVOLVE PARTICIPANTS THROUGH IN-SCHOOL WORKSHOPS, PEER COLLABORATION AND DISCUSSION, STUDENT PERFORMANCES AND PROFESSIONAL DEVELOPMENT FOR TEACHERS. INTRODUCTION TO MUSICAL THEATER ALLOWS STUDENTS TO ESTABLISH A RELATIONSHIP WITH THE ARTS BY PROVIDING PUBLIC SCHOOLS STRUGGLING IN THE DOWNTURN WITH HIGHLY SUBSIDIZED TICKETS FOR PROFESSIONAL THEATER PERFORMANCES. 1497045 870415 OTHER PROGRAM SERVICES REPRESENT OTHER PROGRAM REVENUE AND EXPENSES IN ACCORDANCE WITH THE ORGANIZATION'S EXEMPT PURPOSE. 1497045 870415 12531605 1 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 135 0 621 1 0 0 0 0 0 1 1 0 0 0 0 X 37 36 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 NY X X JAMES FARKAS 2127631250 130 WEST 56TH STREET NEW YORK NY 10019 ARLENE SHULER 40.00 X X 335736 0 3084 RAYMOND A LAMONTAGNE 1.00 X X 0 0 0 THEODORE S CHAPIN 1.00 X 0 0 0 VICTORIA CLARK 1.00 X 0 0 0 STUART H COLEMAN 1.00 X 0 0 0 ISAAC D CORRE 1.00 X 0 0 0 DOUGLAS S CRAMER 1.00 X 0 0 0 MAURICE DUBOIS 1.00 X 0 0 0 JOHN PHILIP FALK 1.00 X 0 0 0 BOBBIE FRANKFORT 1.00 X 0 0 0 RICHARD A GOLDSTEIN 1.00 X 0 0 0 PERRY B GRANOFF 1.00 X 0 0 0 SHERRY R JACOBS 1.00 X 0 0 0 ELIZABETH HARPEL KEHLER 1.00 X 0 0 0 JEANETTE W LOEB 1.00 X 0 0 0 PATRICIA W LOVEJOY 1.00 X 0 0 0 MARION W MARTIN 1.00 X 0 0 0 STACEY MINDICH 1.00 X 0 0 0 KEVIN J PEARSON 1.00 X 0 0 0 WILLIAM A PERLMUTH 1.00 X 0 0 0 STANLEY PLESENT 1.00 X 0 0 0 TONY PONTURO 1.00 X 0 0 0 INDRE VENGRIS ROCKEFELLER 1.00 X 0 0 0 TERI SCHINDLER 1.00 X 0 0 0 LYNN C SCHNEIDER 1.00 X 0 0 0 BARRY F SCHWARTZ 1.00 X 0 0 0 FEDERIC M SEEGAL 1.00 X 0 0 0 NICOLE SELIGMAN 1.00 X 0 0 0 ALFRED J SHUMAN 1.00 X 0 0 0 ANNE STRICKLAND SQUADRON 1.00 X 0 0 0 JOSEPH S STEINBERG 1.00 X 0 0 0 ALAN G WEILER 1.00 X 0 0 0 JUDY WILPON 1.00 X 0 0 0 ELIZABETH H WITTEN 1.00 X 0 0 0 DAMIAN WOETZEL 1.00 X 0 0 0 JOANNE WOODWARD 1.00 X 0 0 0 BARBARA ZALAZNICK 1.00 X 0 0 0 MARK LITVIN 40.00 X 212871 0 37718 JAMES H FARKAS 40.00 X 169214 0 33164 KATHARINE S MCLEISH 40.00 X 178338 0 31850 ERIC SCHULTZ 40.00 X 200352 0 75633 GERARD GRIFFIN 40.00 X 170305 0 64290 AUGUST PROPERSI 40.00 X 164921 0 62257 JAMES MCWILLIAMS 40.00 X 156579 0 59108 GREGORY CHABAY 40.00 X 144932 0 54712 1733248 0 421816 22 0 1 0 FJ SCIAME CONSTRUCTION CO INC 14 WALL STREET NEW YORK CITY NY 10005 CONSTRUCTION 6859166 ENNEAD ARCHITECTS 320 WEST 13 STREET NEW YORK CITY NY 10014 ARCHITECTURE 893742 2 685175 1465387 7579423 9729985 BOX OFFICE RECEIPTS 711110 4973155 4973155 THEATRE RENTAL 711110 1288772 1288772 PHONE AND MAIL ORDERS 711110 805681 805681 TOWER RENTAL INCOME 711110 392660 392660 WORKSHOP FEES 900099 153007 153007 33895 33895 7647170 92704 92704 247154 247154 945892 944383 1509 1509 1509 323583 685175 323583 0 OTHER INCOME 900099 97385 97385 97385 17815907 7744555 0 341367 948625 198802 717460 32363 6730778 5300098 713883 716797 244751 213804 30947 1257485 996227 116447 144811 952269 702352 147468 102449 2739 2739 56823 56823 20300 10802 9498 25000 25000 116304 61886 54418 1149431 1004031 2493 142907 620774 482798 106406 31570 21006 17287 3719 260090 260090 1181937 1079983 101759 195 355314 318295 27769 9250 13329 233 13096 309756 243787 65969 172880 171294 1586 CO-PRODUCTION FEES 762429 762429 ARTIST FEES 408989 408989 OTHER PRODUCTION EXPENS 289086 289086 CAPITAL CAMPAIGN EXPENS 188053 188053 CAPITAL PROJECT EXPENSE 41072 41072 52924 9332 15430 28162 16182144 12531605 2194316 1456223 3371132 2926493 5822267 4602034 7548630 6063914 248859 322310 282486 185102 6553678 6009861 646626 543817 3508528 5231841 10412512 29021160 31841040 48896671 1107042 10646675 1503687 1355766 1500000 4700000 1363276 1049664 3974005 19252105 X 19917202 21440715 3708748 2747766 4241085 5456085 27867035 29644566 31841040 48896671 X 1633763 143768 X 0 1 1 X 0 X 9808146 16908662 11459989 12752649 9729985 60659431 7692079 11429945 13635875 6817267 8825150 48400316 17500225 28338607 25095864 19569916 18555135 109059747 690111 6663120 2032571 4448107 2834504 16668413 227802 9132 133227 201394 230422 801977 917913 6672252 2165798 4649501 3064926 17470390 91589357 589626 342978 483867 486645 339858 2242974 589626 342978 483867 486645 339858 2242974 104299 190578 240745 121551 97385 754558 18194150 28872163 25820476 20178112 18992378 112057279 0.81730 0.82680 0.02000 0.02220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20300 20300 16161844 16182144 959107 239777 0 0 1000000 1000000 908399 959107 3867506 5801259 60128 45356 30100 20300 155884 250000 250000 227100 239777 966877 1450316 5022135 1090000 193007 407881 5897261 4849782 535000 341720 704367 5022135 3803721 1432500 -237707 148732 4849782 0.06750 0.90400 0.02850 0 0 4117128 3903884 213244 2436550 2105977 330573 543817 RESTRICTED CERTIFICATE OF DEPOSIT 202618 CONSTRUCTION IN PROGRESS - RENOVATION PROJECT 13606084 DUE FROM THE CITY OF NEW YORK - REIMBURSABLE RENOVATION PROJECT COSTS 15211442 DEPOSITS 1016 29021160 SECURITY DEPOSITS HELD 30868 REFUNDABLE ADVANCE 1018796 1049664 17815907 16182144 1633763 143768 143768 1777531 19137655 143768 1177980 1321748 17815907 0 17815907 17360124 1177980 1177980 16182144 0 16182144 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: -BOARD DESIGNATED ENDOWMENT (QUASI ENDOWMENT) IS USED TO ASSIST IN PROVIDING LONG-TERM INSITITUTIONAL FINANCIAL SECURITY WHILE PROVIDING FLEXIBILITY BASED ON INSTITUTIONAL PRIORITIES. ANNUAL ALLOCATIONS PER BOARD APPROVED SPENDING POLICY SERVE GENERAL OPERATIONS. -PERMANENT ENDOWMENT (LOEB EDUCATIONAL FUND) IS A RESTRICTED FUND TO ASSIST IN SUPPORTING EDUCATIONAL PROGRAMMING, SUBJECT TO BOARD APPROVED SPENDING POLICY. -PERMANENT ENDOWMENT (FALL FOR DANCE FESTIVAL FUND) IS A RESTRICTED FUND TO ENSURE FINANCIAL STABILITY AND CONTINUATION OF THE FALL FOR DANCE FESTIVAL, SUBJECT TO BOARD APPROVED SPENDING POLICY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS EVALUATED ALL INCOME TAX POSITIONS AND CONCLUDED THAT NO DISCLOSURES RELATING TO UNCERTAIN TAX POSITIONS ARE REQUIRED IN THE FINANCIAL STATEMENTS. X X X X X X X 0 GARIPOLI ADVISORS LLC 21 WHITE OAK LANE WESTHAMPTON BEACH NY 11978 FUNDRAISING SERVICES 0 0 25000 0 25000 NY GALA BENEFIT 794638 661496 133142 133142 PATRON TOUR 207000 20484 186516 186516 1 7120 3195 3925 3925 1008758 685175 323583 323583 323583 0 1 X X X 0 0 0 0 0 0 0 0 0 ARLENE SHULER 333524 0 0 0 2212 0 0 0 3084 0 338820 0 0 0 MARK LITVIN 211996 0 0 0 875 0 0 0 37718 0 250589 0 0 0 JAMES H FARKAS 168582 0 0 0 632 0 0 0 33164 0 202378 0 0 0 KATHARINE S MCLEISH 178181 0 0 0 157 0 0 0 31850 0 210188 0 0 0 ERIC SCHULTZ 200352 0 0 0 0 0 47083 0 28550 0 275985 0 0 0 GERARD GRIFFIN 170305 0 0 0 0 0 40022 0 24268 0 234595 0 0 0 AUGUST PROPERSI 164921 0 0 0 0 0 38756 0 23501 0 227178 0 0 0 JAMES MCWILLIAMS 156579 0 0 0 0 0 36796 0 22312 0 215687 0 0 0 GREGORY CHABAY 144932 0 0 0 0 0 34059 0 20653 0 199644 0 0 0 RAY LAMONTAGNE TO FUND CONSTRUCTION RESERVE REQUIRED UNDER CAPITAL PROJECT CONTRACTS X 500000 500000 0 1 1 ALFRED J SHUMAN TO FUND CONSTRUCTION RESERVE REQUIRED UNDER CAPITAL PROJECT CONTRACTS X 500000 500000 0 1 1 ALAN WEILER TO FUND CONSTRUCTION RESERVE REQUIRED UNDER CAPITAL PROJECT CONTRACTS X 500000 500000 0 1 1 1500000 FORM 990, PART VI, SECTION A, LINE 1 CITY CENTER'S EXECUTIVE COMMITTEE IS COMPRISED OF ITS CHAIRMAN OF THE BOARD, PRESIDENT/CEO, AS WELL AS SELECT DIRECTORS. THE COMMITTEE TOTALS TEN IN NUMBER AND ALL MEMBERS ARE ALSO DIRECTORS. THE COMMITTEE GENERALLY MEETS PRIOR TO FULL BOARD MEETINGS TO CONSIDER INSTITUTIONAL INITIATIVES AND TO MAKE CERTAIN OPERATING DECISIONS AS NECESSARY. EXECUTIVE COMMITTEE MEETINGS ARE RECORDED, ROUTINELY DISTRIBUTED TO THE FULL BOARD AND COMMITTEE ACTIVITIES ARE REPORTED TO THE BOARD AT FULL BOARD MEETINGS. FORM 990, PART VI, SECTION A, LINE 8B IN FISCAL 2011, WHILE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE ORGANIZATION'S GOVERNING BODY OFTEN DOCUMENT THEIR MEETINGS, A WRITTEN POLICY DOES NOT EXIST WHICH MANDATES DOCUMENTATION OF COMMITTEE MEETINGS. AS SUCH, NOT ALL COMMITTEE MEETINGS ARE DOCUMENTED. HOWEVER, IN ALL INSTANCES WHEREIN COMMITTEES RESOLVE TO TAKE ACTION(S) OF ANY SUBSTANCE OR MATERIALITY, THESE ACTIONS ARE PRESENTED TO THE GOVERNING BODY FOR APPROVAL PRIOR TO ADOPTION AND ARE THEN DOCUMENTED IN THE MINUTES OF THE GOVERNING BODY'S MEETINGS. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING, FORM 990 IS REVIEWED IN DEPTH BY JAMES FARKAS, VP OF FINANCE, WHO THEN MEETS WITH ARLENE SHULER, PRESIDENT AND CEO, AND MARK LITVIN, SR. VICE PRESIDENT AND MANAGING DIRECTOR, TO DISCUSS THE 990. WHILE FORM 990 IS NOT REVIEWED WITH TRUSTEES PRIOR TO FILING, THE AUDITED FINANCIAL STATEMENTS FOR THE SAME PERIOD ARE DISTRIBUTED TO, REVIEWED WITH, AND APPROVED BY THE TRUSTEES FOR THE SAME PERIOD. ONCE FILED, FORM 990 IS MADE READILY AVAILABLE TO ALL OFFICERS, DIRECTORS, AND TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL OFFICERS, DIRECTORS AND TRUSTEES AND KEY EMPLOYEES. THESE INDIVIDUALS ARE REQUIRED TO RESPOND TO A DISCLOSURE FORM AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS, HELD IN SEPTEMBER OF EACH YEAR, WHEREIN ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ARE DISCLOSED. DETERMINATIONS OF CONFLICT OF INTEREST ARE CONFINED TO THE CONTEMPLATION OF TRANSACTIONS OR ARRANGEMENTS OR DIRECT MONETARY COMPENSATION THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER, DIRECTOR, TRUSTEE OR KEY EMPLOYEE. INDIVIDUALS WHO HAVE BEEN DETERMINED AS HAVING A CONFLICT OF INTEREST MAY NOT PARTICIPATE IN DECISIONS RELATED TO THE CONFLICT. ONCE A CONFLICT OF INTEREST HAS BEEN IDENTIFIED, SPECIFIC PROCEDURES ARE IN PLACE FOR THE BOARD TO ELECT TO ELIMINATE THE CONFLICT OR TO CONTINUE WITH THE CONFLICT IN THE CONTEXT OF FULL DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 AS PART OF THE BUDGETING PROCESS, COMPENSATION REVIEWS ARE PERFORMED ANNUALLY FOR ALL ADMINISTRATIVE EMPLOYEES, AS WELL AS THE CEO, OFFICERS AND KEY EMPLOYEES. A NUMBER OF FACTORS DETERMINE THE AMOUNT OF THE INCREASE SUCH AS COST OF LIVING AND AN INCREASE IN RESPONSIBILITIES. FURTHER, WHEN CONSIDERING COMPENSATION FOR THE CEO, OFFICERS OR KEY EMPLOYEES, RESEARCH IS CONDUCTED BY REVIEWING SALARY SURVEYS, COMPARABILITY DATA FROM EMPLOYMENT BASED WEB SITES AND GUIDESTAR. THE SALARY LISTING IS BROUGHT BEFORE THE BOARD FOR REVIEW AND APPROVAL ALONG WITH THE BUDGET FOR THE NEXT FISCAL YEAR AT THE JUNE MEETING. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE NOT ROUTINELY MADE AVAILABLE TO THE PUBLIC. THE ORGANIZATION IS RESPONSIVE TO WRITTEN AND PHONE REQUESTS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 143,768.